The elasticity of a demand curve at any point can be ascertained by its steepness

The demand for money is based primarily on money's role as a(n): a. measure of wealth

b. medium of exchange. c. standard of economic well-being. d. interest-bearing asset. e. non-interest-bearing asset.

A Ponzi scheme can only succeed if the investors in the scheme believe that something is preventing:

A. Diversification B. Arbitrage C. Pooling D. Risk premium